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Lutein Market worth $1,078.18 million by 2030, growing at a CAGR of 13.21% - Exclusive Report by 360iResearch

03-11-2024 12:31 PM CET | Chemicals & Materials

Press release from: 360iResearch

Lutein Market | 360iResearch

Lutein Market | 360iResearch

The "Lutein Market by Form (Beadlet, Emulsion, Oil Suspension), Process (Algae Route, Chemical Synthesis, Extraction From Botanical Material), Source, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Lutein Market to grow from USD 452.28 million in 2023 to USD 1,078.18 million by 2030, at a CAGR of 13.21%.

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Lutein is a naturally available carotenoid pigment that is an essential nutrient for maintaining optimal eye health, inhibits age-related macular degeneration (AMD), and protects against harmful blue light. It belongs to the xanthophyll sub-group of carotenoids known for its antioxidant properties. The increasing cases of age-related ocular disorders such as AMD, the rising geriatric population, and growing awareness about preventive healthcare measures increase the need for lutein. However, stringent regulations on product approval due to safety concerns and variations in raw material prices affect the growth of the lutein market. Nevertheless, developing innovative delivery systems for better bioavailability and efficacy of lutein-containing products is expected to create potential opportunities for the lutein market.

In America, the lutein market is experiencing growth owing to growing consumer awareness about the health benefits of lutein and its role as an essential nutrient for eye health. The widespread prevalence of age-related macular degeneration (AMD) and cataracts in this region contributes to the demand for lutein-based dietary supplements and functional foods. In the APAC region, rapid urbanization, rising disposable income levels, and an aging population have created demand for nutraceutical products that contain lutein. Countries such as China and India are emerging as leading contributors to regional growth due to their large population base and improving healthcare infrastructure. Increased awareness about AMD prevention and eye health maintenance has led to a surge in demand for lutein-based supplements targeting children's nutrition needs as well. The robust pharmaceutical industry in this region also highlights opportunities for expansion in markets such as Japan, South Korea, Australia, Indonesia, and Thailand, among others. In the EMEA region, European countries witnessed a significant number of eye disorders, including AMD and cataracts. The sophisticated healthcare infrastructure increasing consumer preference towards organic ingredients created market growth potential.

Market Segmentation & Coverage:

This research report categorizes the Lutein Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Form, market is studied across Beadlet, Emulsion, Oil Suspension, and Powder & Crystalline. The Oil Suspension is projected to witness significant market share during forecast period.

Based on Process, market is studied across Algae Route, Chemical Synthesis, Extraction From Botanical Material, and Fermentation. The Chemical Synthesis is projected to witness significant market share during forecast period.

Based on Source, market is studied across Natural and Synthetic. The Synthetic is projected to witness significant market share during forecast period.

Based on Application, market is studied across Animal Feed, Beverages, Dietary Supplements, Food, Personal Care Products, and Pharmaceuticals. The Food is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Lutein Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Lutein Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Lutein Market, highlighting leading vendors and their innovative profiles. These include AdvaCare Pharma, Allied Biotech Corporation, Amway Corporation, Anhui Ruisen Bio-Tech Co.,Ltd., Ashland Inc., BASF SE, Bausch & Lomb Incorporated, Divi's Laboratories Ltd., Doehler Group SE, E.I.D. - Parry Limited, Fenchem, Inc., Industrial Organica S.A. de C.V., Jarrow Formulas, Inc., Kemin Industries Inc., Koninklijke DSM N.V., Lycored Corp., Natures Bounty, Inc., Nutraceutical Corporation, Omniactive Health Technologies Limited, Piveg Inc., Pure Encapsulations, LLC, Sabinsa Corporation, Synthite Industries Pvt. Ltd., and Zhejiang Medicine Co., Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Lutein Market, by Form
7. Lutein Market, by Process
8. Lutein Market, by Source
9. Lutein Market, by Application
10. Americas Lutein Market
11. Asia-Pacific Lutein Market
12. Europe, Middle East & Africa Lutein Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Lutein Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Lutein Market?
3. What is the competitive strategic window for opportunities in the Lutein Market?
4. What are the technology trends and regulatory frameworks in the Lutein Market?
5. What is the market share of the leading vendors in the Lutein Market?
6. What modes and strategic moves are considered suitable for entering the Lutein Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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